What is the median home value in Prospect Heights, IL?

Name: Home values in Prospect Heights, IL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Prospect Heights, IL is $346,500 (±$36,356), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Prospect Heights, the median home value went from $284,300 in 2015–2019 to $346,500 in 2020–2024 (+21.9%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median home value: $346,500 (±$36,356)
Owner-occupied homes: 4,459 (±497)
Most common range: $300,000 to $499,999

Home values in Prospect Heights

Owner-occupied homes by value, 2020–2024
Value	Prospect Heights	Cook County	Illinois	United States
Less than $50,000	1.3% (±1.1 points)	3.6%	5.4%	5.3%
$50,000 to $99,999	0.7% (±1.1 points)	3.1%	8.3%	6.1%
$100,000 to $149,999	9.7% (±5.3 points)	5.8%	9.7%	6.8%
$150,000 to $199,999	15.5% (±4.5 points)	9.3%	11.8%	9.0%
$200,000 to $299,999	15.0% (±4.5 points)	23.2%	22.3%	17.8%
$300,000 to $499,999	33.2% (±5.9 points)	33.3%	27.7%	26.9%
$500,000 to $999,999	22.4% (±6.6 points)	16.9%	12.1%	20.9%
$1,000,000 or more	2.0% (±1.0 points)	4.9%	2.7%	7.1%

The most common range is $300,000 to $499,999, 33.2% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Prospect Heights against Cook County, its state and the nation

Estimate (90% margin of error)
	Prospect Heights	Cook County	Illinois	United States
Median home value	$346,500 (±$36,356)	$324,500 (±$1,460)	$263,300 (±$797)	$332,700
Owner-occupied homes	4,459 (±497)	1,212,570 (±7,287)	3,378,910 (±14,728)	84,210,142

In Prospect Heights, the median home value is not measurably different from Cook County ($324,500).

It is also higher than in Illinois ($263,300).

It is not measurably different from the national figure ($332,700).

In Cook County, Prospect Heights ranks 51 of 148 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 190 of 2,652.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Prospect Heights have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$284,300 (±$23,663)	$346,500 (±$36,356)	+21.9%	No measurable change after inflation
Median owner cost with a mortgage	$1,977 (±$205)	$2,506 (±$247)	+26.8%	No measurable change after inflation
Median real estate taxes	$6,479 (±$685)	$7,289 (±$1,090)	+12.5%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Prospect Heights

Nearest places with a published estimate, compared with Prospect Heights
Place	Distance	Median home value	Compared with this place
Prospect Heights	—	$346,500 (±$36,356)	—
Wheeling Township	0.9 mi	$372,600 (±$6,898)	Not measurably different
Wheeling	1.8 mi	$266,200 (±$17,846)	Lower
Arlington Heights	2.7 mi	$414,500 (±$9,763)	Higher
Mount Prospect	2.8 mi	$397,400 (±$11,745)	Higher
Buffalo Grove	4.6 mi	$412,300 (±$11,795)	Higher
Northfield Township	4.8 mi	$636,200 (±$13,107)	Higher
Des Plaines	5.0 mi	$335,600 (±$4,808)	Not measurably different
Riverwoods	5.1 mi	$800,700 (±$49,740)	Higher

Nearby places with a measurably lower figure: Wheeling, IL ($266,200).

Nearby places with a measurably higher figure: Arlington Heights, IL ($414,500), Mount Prospect, IL ($397,400), Buffalo Grove, IL ($412,300).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Cook County, place by place

Rank	Place	Median home value
45	Niles	$358,700 (±$7,200)
46	Indian Head Park	$356,600 (±$28,024)
47	Palatine	$355,600 (±$10,491)
48	Hoffman Estates	$351,900 (±$8,411)
49	Orland Township	$349,800 (±$5,742)
50	Elk Grove Village	$347,100 (±$8,628)
51	Prospect Heights	$346,500 (±$36,356)
52	Rosemont	$344,900 (±$46,529)
53	Flossmoor	$344,800 (±$25,322)
54	Elk Grove Township	$344,200 (±$5,960)
55	Elmwood Park	$339,300 (±$10,215)
56	Des Plaines	$335,600 (±$4,808)
57	Chicago	$334,100 (±$2,424)

Showing 13 of 148 places in Cook County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Prospect Heights

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Prospect Heights beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Prospect Heights, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Prospect Heights, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Prospect Heights

What is the average home value in Prospect Heights, IL?

The Census Bureau publishes the median: $346,500 (±$36,356) for owner-occupied homes in Prospect Heights (2020–2024 American Community Survey).

Have home values in Prospect Heights gone up?

In Prospect Heights, the median home value went from $284,300 in 2015–2019 to $346,500 in 2020–2024 (+21.9%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Prospect Heights sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Prospect Heights city, Illinois (place:62016, in state:17).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.